Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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Both the information given at the meeting and the posters reaction. Plus the SP reaction of course !
More slippage, ( offtake, equity and FID ), is not good news Posters have responded in a variety of ways. I liked the posts of aunty, radders,and Kibuc,(at 9.25), and I was pleased to see Dawski positive as usual.
Personally I agree with Kibuc that a lot of the information divulged ought to have been given in an update RNS.
What has now happened is that the manipulators have been given a fresh impetus and so they will attempt to drag the SP still lower, and in that they will probably succeed.The past three months has been a paradise for them and they must be even a bit surprised to be given fresh ammunition at an open meeting !
As a LTH I'm very disappointed with what has just been communicated. I'm patient but I'm also tired of the constant downward trend in my investment. I know the BOD are far more interested in the Islandmagee project than they are in the day to day SP. But they are paid for that. Perhaps a bit of unequivocal good news in the near future might be in their remit.
Arun worked through the cumulative cashflows as if the business had been operational and generating cash over the previous ten years. Although I didn't fully understand it, the figures looked impressive to me. Also, they mentioned a cash injection from both offtaker and equity partner so don't be surprised if there's a steady stream of positive newsflow over the next 6 weeks, that's my feeling anyway. One of the audience asked John a blunt question which he wouldn't allow himself to answer else divulging "state" secrets. If only I could remember what the question was. It's good that they do these shareholder meetings else we'd all be moaning that they don't keep us informed! How many boards on Aim do you know keep their investors in the picture? Not many. Maybe the info divulged yesterday should have been rns'd but I think things are moving at a pace and being tweaked here and there, finance being signed off, draft agreements drawn up, stuff like that. Hold on tight
35 posts on this board today so far,most informative helpful and not personal for once ....shows the amount of mostly positive interest in this beauty ...interesting that very few posts in the last few days and none at the weekend as usual.
Setanta is one of our most prolific informed and positive posters and he has popped up again after keeping his head low ..just need good old Spud to turn up with one of his gems ??